Before we start today’s newsletter, I’d like to make an announcement! 📣
Having survived multiple cycles, I know how difficult it can get to go through desperate times when the Fear & Greed Index reaches Extreme Fear levels.
My aim is to help investors better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.
Which is why…
I’ve decided to do an exclusive, in-depth technical analysis video on Bitcoin and share it with you.
Tomorrow, 19th of May 2022, I will release my new TA Session ‘Post Luna Crash Price Prediction for BTC’
A fancy way of saying a 30-minute deep dive into the price action of Bitcoin, looking at a wide-variety of indicators and data-science metrics from a macro perspective.
In this video session, I will walk you through my level-headed analysis on Bitcoin and share my opinions on what I think could happen going forward.
Subscribe to my Youtube channel and keep an eye on your inbox tomorrow to receive my TA Video Session ‘Post Luna Crash Price Prediction for BTC’! 👀
Bitcoin - The 200 MA
For the sake of discourse in today’s newsletter, let’s assume Bitcoin will bottom at the 200 MA.
After all - previous Bear Market bottoms have formed there in the past:
If BTC were to form another Bear Market bottom at the blue 200 MA, then BTC needs to drop another -25% at least.
I say at least, because downside deviations in price below the 200 MA sometimes occur, as seen in the 2015 accumulation period of March 2020 for a more recent example.
So if BTC is to drop at least another -25%, how will Altcoins react?
This newsletter will focus on giving a better idea of what to expect when it comes to Altcoins reacting to that kind of downside in BTC.